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News Breaks | | | | September 17, 2012 | | 07:53 EDT |  | WAG | Alliance Boots to acquire 12% stake in Nanjing Pharmaceutical
Alliance Boots, under the terms of a strategic alliance agreement, said it will acquire a 12% stake in Nanjing Pharmaceutical Company through a private placement for a total consideration of approximately GBP56M. On completion of the transaction, which is subject to various regulatory approvals, Alliance Boots will be the second largest shareholder in Nanjing Pharmaceutical with Board and operational management representation. Nanjing Pharmaceutical is the fifth largest pharmaceutical wholesaler in China with sales of around GBP2B in 2011. Note that Walgreens (WAG) holds a 45% stake in Alliance Boots with the option remaining under their agreement for Walgreens to buy the whole of Boots. | |
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News For WAG From The Last 14 Days Check below for free stories on WAG the last two weeks. |
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| May 20, 2013 | | 15:52 EDT |  | WAG | Walgreen downgraded to Market Perform from Outperform at Barrington
 Subscribe for More Information | | | May 17, 2013 | | 12:33 EDT | | WAG | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. | | | May 13, 2013 | | 08:32 EDT | | WAG | Walgreens extends CVS Caremark network provider agreement
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